A family-led financial group

Capital with a surname behind it.

Five divisions, one partnership. We advise entrepreneurs on the transactions that define them, manage the wealth those transactions create, and put our own capital to work beside theirs.

Speak with a partner Explore our divisions

Family-led since 2006.

Explore Argenthaler

2006

Founded in London and Germany

Integrated divisions,
one partnership

Offices across
three continents

Selected experience

Selected mandates.

Includes transactions completed by Argenthaler and by its Principals in personal or other capacities.

Mercato Partners
Fund Advisory
J.P. Morgan Asset Management
Fund Advisory
Compagnie Nationale du Rhône
Fund Advisory
MidOcean Partners
Fund placement
Axiom Asia
Fund placement
General Electric
Fund placement
August Equity
Fund placement
M31 Capital
GP development
CoinShares International
Transaction Advisory
Chorus Capital
Fund placement
Beechbrook Capital
Fund placement
Chenavari
Fund placement
Thomas Weisel Partners
Fund placement
Advent Partners (Australia)
Fund placement
Creador
Fund placement
Pantera Capital
Fund placement
Paul Capital
Secondary advisory
Waystone
Platform divestiture
Andbank
€50MSecondary Advisory
Unilever Ventures
Restructuring advisory
BNP Paribas
Restructuring advisory
GDG Investissements
Restructuring advisory
Deltec Bank
Investment restructuring

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01The group

A financial group for entrepreneurs and their families.

Argenthaler brings together corporate advisory, wealth management, principal investment and asset-backed financing. We work with entrepreneurs, family shareholders, fund managers and investors.

Founded in 2006, the group is led by its family shareholders and partners, with its headquarters in Italy. Our five divisions address decisions involving a business, its capital and the wealth of its owners.

We advise on transactions, invest our own capital and arrange financing. The role we take depends on the mandate.

Roman amphitheatre colonnade in Italy — Headquartered in Italy. Established in 2006.

How we work

Advisory, investment and financing.

Corporate and investment advice

Supporting company sales, acquisitions, capital raising and strategic decisions. Our advisory work also extends to fund managers and their investors.

Principal investment

Committing the group’s own capital through merchant banking, private equity and venture capital, including alongside clients and co-investors.

Financing and private wealth

Addressing the financing needs of businesses and asset owners, alongside investment, family governance and succession matters.

Partner-led relationships.

Responsibility

Partner involvement

The partners who advise our clients also own the firm. Senior involvement is central to the way we structure and execute mandates.

Coordination

Continuity across decisions

A company transaction can lead to new investment, financing and succession questions. Our divisions address these needs within the same group.

Investment

Capital alongside advice

The group can invest alongside clients and co-investors. Advisory work and principal investment have distinct roles, defined by the mandate.

Discretion

Confidential relationships

Mandate teams are kept focused and information is compartmented. Client relationships are disclosed with the client’s consent.

02Divisions

Advisory, investment and financing.

Our five divisions cover corporate transactions, private wealth, direct investment, venture capital and asset-backed financing. Clients work with the relevant teams as their needs change.

Division 01

Investment banking & corporate advisory

Advice on acquisitions, company sales, capital raising and strategic change, from assessing the options to executing a transaction.

We help owners and management teams assess strategic alternatives, prepare transactions and engage with investors or counterparties. The work is guided by the company’s objectives and its capital requirements.

Discuss a mandate

Areas of focus

Mergers & acquisitions

Assess acquisitions, disposals and succession-related transactions. Prepare the investment case and support discussions on structure, terms and execution.

Capital raising

Define the capital requirement and the case for investment. Support equity, debt and fund placement mandates with the relevant investors.

Strategic advisory

Evaluate ownership, financing and development options. Help shareholders and management compare a transaction with other strategic choices.

Who we work with

Entrepreneurs, family shareholders, companies and investment managers.

Key considerations

Ownership objectives
Capital requirements
Transaction structure

Division 02

Wealth management

Investment, family governance and succession planning for entrepreneurs and families whose wealth spans businesses, portfolios and private assets.

We consider private wealth in the context of the family’s business interests, investment holdings and future commitments. This connects portfolio decisions with liquidity needs, governance and succession.

Discuss a mandate

Areas of focus

Investment allocation

Consider the role of investment portfolios alongside business ownership and private assets, taking account of concentration, liquidity and investment horizon.

Family governance

Clarify how investment and ownership decisions are made across the family, and how responsibilities evolve between generations.

Succession planning

Address the investment and ownership questions created by a business sale or transfer, connecting succession objectives with the family’s wider plans.

Who we work with

Entrepreneurs, family shareholders and their families.

Key considerations

Liquidity needs
Investment horizon
Family governance

Division 03

Merchant banking

Principal investment, private equity and structured finance, with the group committing its own capital alongside clients and co-investors.

Merchant banking combines investment judgement with a direct commitment of capital. We assess opportunities across private equity and structured credit, considering the business, its assets and the proposed financing.

Discuss a mandate

Areas of focus

Private equity

Assess direct equity investments in private businesses, including the ownership structure, development plan and capital required to support it.

Structured finance

Consider financing structures in relation to cash flows, assets and repayment capacity. Review how debt and equity share risk within the capital structure.

Co-investment

Invest alongside clients and other investors where the opportunity fits the group’s investment approach and the terms of the transaction.

Who we work with

Business owners, management teams and co-investors.

Key considerations

Business fundamentals
Capital structure
Investment terms

Division 04

Venture capital

Capital for early-stage and growing businesses, with support for subsequent financing and strategic decisions as the company develops.

We back founders from early financing through later stages of development. The group’s wider activities can support the company as its financing requirements and strategic choices become more complex.

Discuss a mandate

Areas of focus

Early-stage investment

Assess the founding proposition, market opportunity and use of capital, with attention to the milestones the financing is intended to achieve.

Growth financing

Consider the capital required for expansion and the relationship between growth plans, funding needs and ownership.

Follow-on decisions

Review subsequent financing alongside the company’s progress and connect founders with the group’s advisory and investment capabilities.

Who we work with

Founders and management teams building early-stage and growth businesses.

Key considerations

Market opportunity
Development milestones
Funding requirements

Division 05

Asset-based finance

Financing secured against art, gemstones and real estate, supported by specialist assessment of the underlying assets.

Asset-backed financing can provide liquidity against an existing holding. We consider the asset’s value, documentation, custody arrangements and marketability alongside the purpose and repayment of the financing.

Discuss a mandate

Areas of focus

Art-secured lending

Consider financing against fine art with specialist assessment of value, provenance, condition and the arrangements for custody.

Gemstone finance

Assess financing against precious stones, including certification, valuation, custody and the market for the underlying assets.

Real estate credit

Review property-backed financing in relation to the asset, its value, the intended use of funds and the repayment plan.

Who we work with

Collectors, private asset owners and real estate investors.

Key considerations

Asset quality
Valuation and custody
Repayment structure

03Principal investments

Direct stakes in the sectors where we advise.

These positions align our interests with those of our clients, and they are how we learn a market before we advise anyone else in it.

Precious minerals

Zaccone Holdings

A global precious-minerals investment company operating across sourcing, evaluation and strategic distribution of high-value mineral assets.

zacconeholdings.com

Gemstones

Compagnie de l'Orient et de l'Occident

A specialist gemstone stockist and advisory house, bridging Eastern sourcing expertise with Western investment demand for certified precious stones.

oroxco.com

04History

From 2006 to today.

Argenthaler was established in London and Germany in 2006 by François Garcin and his late wife Barbara as co-founders. The firm grew by taking early risk to back new investment vehicles, advising both the general partners who manage funds and the limited partners who invest in them.

2007 – 2011

Backing first-time managers

The founding practice: advising managers raising a maiden fund, and the institutions deciding whether to anchor them.

2007Advised Unilever Plc on the launch of Physic Ventures' US$175m maiden fund
2008Advised Tikehau Mezzanine on its maiden fund
2009Advised Thomas Weisel Partners on Global Growth Partners, a US$115m secondary direct vehicle
2010Advised Beechbrook Capital on the launch of its maiden fund
2011Advised Chorus Capital on its maiden fund, and JP Morgan Asset Management on the launch of its Special Opportunities Fund

2012 – 2016

Beyond the fund mandate

Infrastructure financing, venture and bank strategy work widened the practice past fundraising alone.

2012Advised Compagnie Nationale du Rhône on financing its renewable-energy portfolio
2013Advised Mercato Partners on its second fund
2014Advised Pantera Capital on its maiden venture fund
2015Advised a consortium on the early financing of Bitfury Group
2016Advised a Monaco private bank on its strategy

2017 – 2021

Digital assets, real estate, and a rupture

The balance sheet turned to real assets and digital infrastructure, before the loss of a co-founder forced a reorganisation.

2017Advised Andbank on the sale of a US$100m venture portfolio
2018Advised Deltec Bank & Trust on its technology transformation; announced the US$80m Series C financing of Bitfury Group Ltd
2019Advised on a consolidation of French independent advisers holding over US$500m in assets under management
2020Executed over €100m of residential and commercial real-estate purchases
2021Co-founder Barbara Garcin passed away. The group entered a court-mandated reorganisation

2022 – 2026

Rebuilt, and held by the family

A new senior team, principal positions in the United States, and a global headquarters in Italy.

2022Launched digital-infrastructure transactions under François Garcin, supported by a new senior team of advisers and partners
2024Focused on United States market opportunities through principal investment
2025Launched initiatives in technology, real assets and luxury; advised Mara Holdings on the acquisition of Exaion
2026Opened a gemstone trading business in Asia and Europe; established global headquarters in Italy with regional offices in Central, Hong Kong SAR and Midtown Manhattan

“We are not trying to be the largest institution our clients deal with. We intend to be the one they call first.”
François Garcin, Founder

05Contact

Conversations begin privately, and without obligation.

Tell us briefly what you are considering: a transaction, a mandate, a financing against an asset. A partner will respond personally, usually within two business days.

Write to a partner.

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